{"id":58435,"date":"2025-08-04T20:01:16","date_gmt":"2025-08-04T20:01:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/58435\/"},"modified":"2025-08-04T20:01:16","modified_gmt":"2025-08-04T20:01:16","slug":"us-collects-29b-in-tariff-revenues-in-july-setting-new-monthly-record","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/58435\/","title":{"rendered":"US collects $29B in tariff revenues in July, setting new monthly record"},"content":{"rendered":"\n<p>U.S. Trade Representative Jamieson Greer discusses President Donald Trump&#8217;s sweeping new tariff rates on &#8216;Mornings with Maria.&#8217;<\/p>\n<p>The U.S. collected more than $29 billion in <a href=\"https:\/\/www.foxbusiness.com\/category\/tariffs\" target=\"_blank\" rel=\"noopener nofollow\">tariff revenues<\/a> in July, the highest monthly total to date so far this year.<\/p>\n<p>That figure pushes the total tariff revenue for the year to more than $152 billion, according to the latest &#8220;Customs and Certain Excise Taxes&#8221; data released by the Treasury Department.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/politics\/complete-timeline-trumps-tariff-implementation-strategy-across-globe\" target=\"_blank\" rel=\"noopener nofollow\">A COMPLETE TIMELINE OF TRUMP&#8217;S TARIFF IMPLEMENTATION STRATEGY ACROSS THE GLOBE<\/a><\/p>\n<p>Tariff revenues rose steadily from $17.4 billion in April to $23.9 billion in May, before climbing to $28 billion in June.<\/p>\n<p>     <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/08\/houston-texas-port-trade-scaled.jpg\" alt=\"Picture of the Houston Port Authority amid Donald Trump trade war\"\/> <\/p>\n<p>In an aerial view, shipping containers are organized at the Port of Houston Authority on Feb. 10, 2025 in Houston. (Brandon Bell\/Getty Images \/ Getty Images)<\/p>\n<p>The revelation comes as President <a href=\"https:\/\/www.foxbusiness.com\/category\/donald-trump\" target=\"_blank\" rel=\"noopener nofollow\">Donald Trump<\/a> approaches the final days before a series of global tariff rate changes are set to take effect on Thursday.<\/p>\n<p>Last week, the White House said the new tariff rates, originally slated to take effect Aug. 1, will come into force on Aug. 7 in order to give U.S. Customs and Border Protection officials additional time to prepare to collect the <a href=\"https:\/\/www.foxbusiness.com\/category\/tariffs\" target=\"_blank\" rel=\"noopener nofollow\">duties<\/a>.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/trumps-global-reset-trade-relationships-remain-spotlight-week\" target=\"_blank\" rel=\"noopener nofollow\">TRUMP&#8217;S GLOBAL RESET OF TRADE RELATIONSHIPS WILL REMAIN IN THE SPOTLIGHT THIS WEEK<\/a><\/p>\n<p>In the days leading up to the Aug. 1 deadline, Trump unveiled a wave of major trade agreements with key U.S. partners \u2014 including Japan, the <a href=\"https:\/\/www.foxbusiness.com\/category\/europe\" target=\"_blank\" rel=\"noopener nofollow\">European Union<\/a> and South Korea. To date, 11 of the nation\u2019s top 15 trading partners have signed broad trade deals.<\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/08\/trump-eu-ursula-trade-meeting.jpg\" alt=\"U.S. President Donald Trump shakes hands with the EU's Ursula von der Leyen\"\/> <\/p>\n<p>President Donald Trump shakes hands with President of the European Commission Ursula von der Leyen as he announces a trade deal with the EU at Trump Turnberry golf club on July 27, 2025 in Turnberry, Scotland. (Brendan Smialowski\/AFP via Getty Images) \/ Getty Images)<\/p>\n<p>Trump administration officials, including Treasury Secretary <a href=\"https:\/\/www.foxbusiness.com\/category\/scott-bessent\" target=\"_blank\" rel=\"noopener nofollow\">Scott Bessent,<\/a> have previously said the tariffs could generate more than $300 billion in revenue for the federal government.\u00a0<\/p>\n<p>American businesses pay these import taxes to the federal government, but the cost often falls on consumers, as companies raise prices to offset the economic burden.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" rel=\"nofollow noopener\" target=\"_blank\">GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"U.S. Trade Representative Jamieson Greer discusses President Donald Trump&#8217;s sweeping new tariff rates on &#8216;Mornings with Maria.&#8217; The&hellip;\n","protected":false},"author":2,"featured_media":58436,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-58435","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/58435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=58435"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/58435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/58436"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=58435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=58435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=58435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}